Rents Are Blowing Out and People are Hurting

[nooby_mcnoob]

Yeah, now the challenge is not losing it all! 2021 was really tough for me, down consistently all year but managed to break even 3 weeks before the end of year. Except I got greedy and loaded on MSTR and CMG for a multi days trade that turned into a substantial loss that I'm going to spend 2022 trying to recover from...

face -> palm. I guess you didn't realize you caught lightning in a bottle and thought you were a genius!

 

[VicBee]

face -> palm. I guess you didn't realize you caught lightning in a bottle and thought you were a genius!

that's why my post #7

 

[nooby_mcnoob]

that's why my post #7

Don't give it back paper trade til u dont suck

 

[blink18]

Up until about 15 years ago I always rented, primarily because I could rent a nicer property than I could buy. Then came the 2008 crash and the situation flipped so we bought a house in 2009, at the bottom of the market, that we sold in 2019 when values had nearly doubled.
Less than a year later, in March 2020, I went all in the market with the profits from the house, mostly in TSLA. By the end of the year I had retired.

If you're super disciplined and have the required disposable income, renting is a better strategy. But for most people, owning a house is building capital. The challenge is that after some time, most people aren't willing to risk that capital in risky ventures.

Lot's of luck involved. For example, TSLA went nowhere from mid 2013 to mid 2020.

 

[VicBee]

Lot's of luck involved. For example, TSLA went nowhere from mid 2013 to mid 2020.

True, the friend who kept hassling me to buy Tesla had bought several thousand shares at $50 in 2018 (I think). He is a very happy guy today...

 

[ipatent]

On-Time Rent Payments Sag Amid Massive Spike In Rents

 

[Amun Ra]

True, the friend who kept hassling me to buy Tesla had bought several thousand shares at $50 in 2018 (I think). He is a very happy guy today...

I remember seeing this post on WSB about a guy who had bought I think it was 11 $420 call options that expired in Jan 21 for $8 when TSLA was trading at around $200 or so pre split. The price went to $420 and he sold them for like $70 or $80 each and said he was going to buy a Tesla with his profits. Had he held to expiration he would've been a multi millionaire.

 

[VicBee]

There's a point when holding doesn't serve its purpose, unless you want to make your children's children's children rich. All I care for is my life and my kid's education and down-payment for a house. I'm almost there, as soon as Tsla hits 2k.

 

[ipatent]

Soaring Rents Eat Americans' Wage Increases... And Then Some

US headline inflation exceeded 7% in 2021. But rent increases put the Consumer Price Index to shame, soaring an average of 13.5%. And within that already-brutally-high average, there were some absolutely astounding outliers. Phoenix rents soared 25.3%, followed by Tampa, Miami, Orlando, Las Vegas, and Austin, all of which exceeded 20%.